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The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan

The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan AbstractThe paper examines the long-run relationship between poverty reduction, economic growth, and tourism development in Kazakhstan during the period of 2001–2017. We expand the basic model by including other poverty determinants such as inequality, unemployment, and spending on health. We use the Autoregressive Distributed Lag (ARDL) approach to test the co-integration of variables, as the ARDL bound test of co-integration is less restrictive and provides more reliable coefficients than other time series econometric models. The ARDL bound test results show that there exists a long-run relationship between the said variables. The coefficients of all variables have the expected signs in the long run. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Acta Universitatis Sapientiae, Economics and Business de Gruyter

The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan

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Publisher
de Gruyter
Copyright
© 2022 Imtiyaz Ahmad SHAH, et al., published by Sciendo
eISSN
2360-0047
DOI
10.2478/auseb-2022-0005
Publisher site
See Article on Publisher Site

Abstract

AbstractThe paper examines the long-run relationship between poverty reduction, economic growth, and tourism development in Kazakhstan during the period of 2001–2017. We expand the basic model by including other poverty determinants such as inequality, unemployment, and spending on health. We use the Autoregressive Distributed Lag (ARDL) approach to test the co-integration of variables, as the ARDL bound test of co-integration is less restrictive and provides more reliable coefficients than other time series econometric models. The ARDL bound test results show that there exists a long-run relationship between the said variables. The coefficients of all variables have the expected signs in the long run.

Journal

Acta Universitatis Sapientiae, Economics and Business – de Gruyter

Published: Sep 1, 2022

Keywords: growth; tourism; poverty; ARDL; Kazakhstan; F2; F29; F43

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